Following the $114 million attack on lending protocol Mango Markets, two Solanaased DeFi protocols have reopened. On Tuesday morning, October 12th, Mango announced on Twitter that the financial platform was investigating an incident in which a hacker was able to drain funds from Mango via oracle price manipulation and that deposits had been disabled as […]
Tag: SOL
October 26, 2022
October 21, 2022
Solana Could Get Enforceable NFT Royalties Via New Metaplex Standard
Creator royalties have recently gone out of favor in the Solana NFT industry, with major marketplace Magic Eden making them optional last week as royalty-averse competitors seized market share. Now, Metaplex, the company that created Solana’s NFT standard, claims it is working on a new standard that will impose royalty payments across the board. Despite […]
October 19, 2022
Solana Co-Founder Dismisses Rivalry – Claims The Blockchain is “Complementary” to Ethereum
Because of its fast transaction speed, Solana is among the preferred blockchains for dapps and non-fungible tokens (NFTs). Solana, like today’s Ethereum, uses proof-of-stake for consensus. On top of that, Solana is a hybrid blockchain that, unlike many proof-of-stake blockchains, also uses a “proof-of-history” consensus process. The similarities between Ethereum and Solana create the obvious […]
